9. Your company purchases new equipment for $80,000 and depreciates it on a straight line basis over a 5 year period resulting in annual depreciation expense of $16,000. At the end of the 4th year, a buyer purchases it from your company for $30,000. If your company's marginal tax rate is 40%, what is the after tax salvage value or after tax cash flow from the sale of the equipment at the end of year 4? $5,600 $8,400 $14,000 $19,600 $24,400 $28,500